Golden Entertainment Inc (GDEN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 399,212 | 427,515 | 138,858 | 147,711 | 147,947 | 147,015 | 157,185 | 172,555 | 166,040 | 130,440 | 94,667 | -27,247 | -67,439 | -55,825 | -55,393 | 20,582 | 46,117 | 41,085 | 40,927 | 46,000 |
| Total assets | US$ in thousands | 1,452,280 | 1,544,660 | 1,494,250 | 1,499,880 | 1,508,670 | 1,547,670 | 1,546,850 | 1,604,140 | 1,615,560 | 1,644,270 | 1,664,700 | 1,615,190 | 1,570,950 | 1,608,930 | 1,623,940 | 1,902,270 | 1,740,920 | 1,690,720 | 1,694,670 | 1,690,180 |
| Operating ROA | 27.49% | 27.68% | 9.29% | 9.85% | 9.81% | 9.50% | 10.16% | 10.76% | 10.28% | 7.93% | 5.69% | -1.69% | -4.29% | -3.47% | -3.41% | 1.08% | 2.65% | 2.43% | 2.42% | 2.72% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $399,212K ÷ $1,452,280K
= 27.49%
To analyze Golden Entertainment Inc's operating return on assets (operating ROA), we observe fluctuations in the ratio over the past eight quarters. The operating ROA measures the company's efficiency in generating operating income relative to its total assets.
We can see a downward trend in Golden Entertainment Inc's operating ROA from the first quarter of 2022 to the fourth quarter of 2023. The ratio started at 10.83% in Q1 2022 and gradually declined to 7.48% by Q4 2023. This indicates a decrease in the company's ability to generate operating income from its assets over this period.
Despite the overall decline, there were fluctuations in the operating ROA during this time frame. The ratio peaked at 10.94% in Q1 2023, showing a temporary improvement in efficiency, followed by a drop to 7.48% in Q4 2023.
Overall, Golden Entertainment Inc's operating ROA has shown variability over the quarters, with a general downward trend. This suggests a potential need for the company to reassess its operational efficiency and asset utilization strategies to enhance profitability in the future.
Peer comparison
Dec 31, 2023